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The Bank of England left interest rates at their record lows and provided no
statement on how it plans to steer expectations following Britain’s stronger
than expected economic recovery.

The BoE left its Bank rate at 0.5 per cent, where it has stood since the
depths of the financial crisis in early 2009. The nine-man Monetary Policy
Committee also voted to maintain the central bank’s stock of gilt purchases
at £375 billion.

The MPC did not issue a statement on how it would change forward guidance,
which has been quickly overtaken by the pace of economic recovery, in spite
of